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How do you make the case for US foreign aid to an Administration that has proposed slashing it? That was the task for Mark Suzman, Chief Strategy Officer and president of Global Policy and Advocacy for the Bill & Melinda Gates Foundation.
Suzman came to CGD in between accompanying Bill Gates to meetings at the White House. At an event called Financing the Future—which also included CGD’s president Masood Ahmed, senior fellow and chief operating officer Amanda Glassman, and former finance minister of Liberia (and now CGD distinguished visiting fellow) Antoinette Sayeh—Suzman gave us two very different versions of the fight against global poverty and disease.
Not only is the Trump administration supporting a $7.5 billion capital increase for the IBRD (and at that, one that is 50 percent larger than the capital increase supported by the Obama administration in 2010), it has also signed on to a policy framework for the new money that makes a good deal of sense.
International actors have criticized decisions by the Trump administration to reject the Paris Climate Accord, abandon the Trans Pacific Partnership, and withdraw from a United Nations declaration intended to protect the rights of migrants. However, there is one international body, the Paris Club, whose members may be rooting for the United States to leave. That’s because, in the absence of congressional action, continued US membership in the Paris Club could impair the economic prospects of some of the poorest countries in the world.